House price growth at slowest in nearly nine years, FNB says
The Covid-19 pandemic is expected to further reduce transaction volumes
16 April 2020 - 11:07
SA house prices rose at their slowest pace in almost nine years in March, and the Covid-19 pandemic is expected to put pressure on transaction volumes, according to FNB.
The FNB House Price index rose by an annualised 2.8% in March, the slowest pace of growth since May 2011, with bank seeing a change in behaviour in the market, including some sellers taking their homes off the market...
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